Sunday, July 22, 2007

You’ve heard of a reverse mortgage, Right? for those of us under 75, Here is somethingn a little different.

You’ve heard of a reverse mortgage? Well now, there is a company that is offering something similar for those of us with a life expectancy of at least 20 years or more.

I recommend using the program at your own advisement; as I do with the reverse mortgage programs. They basically take an investment % stake in your home. Neither payments nor interest is paid on the money while you are involved with them. The program offers to “loan” you money on the future equity of your home’s sales price. For this, they get a percentage of the increased equity difference. If the house loses value at the time of sale then they also share in the perceived loss of value.

What I would use this type of Investment Loan for: Exactly That. An investment that I figured was going to garner more than the “loan” was going to cost me and also allow me to increase my investment portfolio in proportion to a great amount than the use of their money was going to garner. NOT to pay bills, not to purchase a non-performing asset (car, clothes, tuition, short term loan or take a trip). Remember that there will be a sale date certain attached to the investment monies advanced. For more information and to actually talk to a representative from accompany offering such “loans” click on the following link. http://www.rex-inc.com/index.php/rex/how_it_works/

I have no affiliation, connection nor know anyone as of this review that works for the company, nor am I profiting in any way by making you aware of this other “loan” option.

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